Front Page: The New York Times — April 11, 2023

The Real-World Costs of the Digital Race for Bitcoin

Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution. In many cases, the public pays a price.

Drug Company Leaders Condemn Ruling Invalidating F.D.A.’s Approval of Abortion Pill

A letter signed by senior executives of pharmaceutical and biotech companies condemned a ruling by Judge Matthew J. Kacsmaryk that invalidated the Food and Drug Administration’s 23-year-old approval of the abortion pill mifepristone. — CREDITSENATE JUDICIARY COMMITTEE, VIA ASSOCIATED PRESS

More than 400 executives said that the decision ignored both scientific and legal precedent and that, if the ruling stood, it would create uncertainty for the pharmaceutical and biotech industries.

Bank Turmoil Squeezes Borrowers, Raising Fears of a Slowdown

Borrowing and raising money are more difficult and expensive now, said Sarah Puil, the chief executive of the upscale boxed wine company Boxt. — CREDITTAMIR KALIFA FOR THE NEW YORK TIMES

Economists are watching for the aftereffects of recent bank collapses across many industries. How bad could it get?

DeSantis Pushes Toughest Immigration Crackdown in the Nation

The Florida governor is pushing an aggressive proposal to penalize those who aid undocumented immigrants and to track costs for providing them with health care.